In this market sell-off, base metals are selling off even harder though energy stocks (small caps) are holding better today. Again this year, Canadian small caps have underperformed the large caps. Note that the Canadian and US markets over 20 years actually have evenly performed, offereing the same return. The last 10 years have been a lost decade for Canada, but the decade before that was a lost one for America. He believes in reversion to the mean, like seeing tech stocks coming off lately. Canada has underperformed emerging markets the last few years, but that could change with stable oil prices. 

Frustrating. They trade at a much lower multiple than the larger midstream players. They started to deliver on their numbers. Trades at a lower multiple than their peers. This stock should move up. They just need to continue to execute. Brokers are calling him to sell his shares, so there is demand (but he won't sell). He's held this for a long time. Their fair value is higher than the current share price.

All the base metals are getting creamed, down a ton. Frustrating--they aren't hitting on any of their metrics. It's getting more difficult to produce copper at present prices, problems with the mines. It's oversold. There could be heavy tax-loss selling soon. He wishes operations were going better. In a recent controversy, a seller doesn't want Hudbay to buy anything now as takeover and merger specualtion ensues.

Hasn't looked at this closely. They were planning to make some acqusitions and be more of a holding company, then they had a bump when they reached some settlements with Apple, which is contesting those settlements. The stock looks cheap, but he's not big on holding companies. Don't sell now; it's too cheap and holding on better than most stocks in the current downturn. It's a defensive position. If they get the money from Apple, it should move up nicely. He doesn't own this stock, because it's too small.

He's recommended it before. It had a strong run, then pulled back for a while. They had to grow into their multiple, so the stock got ahead of itself. The storage sector is highly fragmented. They continue to make acqusitions. Margins are increasing. They're very good operators. It's a defensive play. A US player may eventually buy them.

(Past Top Pick Sept. 28, 2017, Down 1%) It's outperformed its peers. But it doesn't trade at a low multiple. Partially sold his shares. Great management. This is one of the better IPO's in Canada. It did well last Christmas with good toy launches. They've been a good consolidator/acquirer. He really likes this story.

He hasn't met the company yet but will next week. The stock has done well. They've raised money through an investor in the past 5 months. He's curious to hear the details.

Pays a nice dividend. The stock had been coming off. They were supposed to have signed some royalty deals, but haven't in 18 months. He prefers that they take their time and be careful, but eventually they need to sign in order to lower their payout ratio. This should do okay during the current market downturn.